Chapter 12 Political affairs - Issuing public debt is not as simple as printing banknotes

Issuing government bonds is much simpler than printing banknotes As the Minister of Finance of the national government, Kong Xiangxi used all kinds of methods to collect money for the government, but what he admired most was the excessive issuance of banknotes.Kong said to people: "Issuing public bonds is really troublesome. You can't get much money by paying interest and drawing lots to repay the principal. It is much easier to print and issue banknotes." , 7300 times before the Anti-Japanese War. In 1937, 100 French currency could buy two cows, and six years later, it could buy a chicken. Ten years later, in 1947, it could only buy one-third of a box of matches.

My years in government were wasted At the end of the 1940s, the national government employed Weng Wenhao and other scholars and experts. At that time, the Executive Yuan was full of talents, and people at that time were known as the "Cabinet of Talents".But these talents are just chatting at work, and have nothing to do.A scholar who experienced the situation wrote to a friend and said: "These are the two most talented people in China. Why don't they go to a school or research room? Why should they be trapped under the hands of a completely selfish Song Ziwen, Chatting?" Economist He Lian still couldn't suppress his grief and indignation when he recalled later: "Although Weng Wenhao and I both held high positions in the government, compared with the 'inner group', we are still outsiders after all. We are not part of the government. Insiders, not members of the party, we are just government 'decorations'! We have never been able to figure out what is going on behind the scenes." He said: "My years in the government were completely wasted !"

China to Repay Imperial Japan's Eight-Year War of Aggression with Virtue Chiang Ching-kuo's "Tiger Fighting" in Shanghai was officially appointed on August 21, 1948, and his resignation was officially approved on November 5, a total of 70 days.During these 70 days, Jiang's environment and mood were written in "Shanghai Diary".Jiang Jingguo quoted a letter from a gentleman: "The officials have done two months of work for nothing, and the people have suffered for two months for nothing, and the poor are still poor, and the rich are still rich.""It hurts so much to say that," he said.